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Nothing like appointing a corrupt cop that attended Ford Fest bbq's while his brother was under investigation to the position of check and balance for any illegal Ontario Provincial Government activities.

Nothing like appointing a corrupt cop that attended Ford Fest bbq's while his brother was under investigation to the position of check and balance for any illegal Ontario Provincial Government activities.

Ontario’s Conservative government defended its decision to replace the board and top executive of Hydro One Ltd. after the State of Washington cited political interference as it turned down a $4.4-billion acquisition by the company, saying the “government remains unwavering in our commitment to the people of Ontario to reduce hydro rates and provide a reliable energy system.” The decision by the state’s utilities regulator to say no to Hydro One’s proposed acquisition of Avista Corp. puts the deal in serious peril and throws the utility’s growth strategy into disarray. Without the state’s blessing, the deal cannot proceed, although Hydro One and Avista can appeal the decision. If the acquisition dies, Hydro One, which is 47-per-cent owned by the provincial government, will be on the hook for a US$103-million termination fee to Avista. It has already spent tens of millions of dollars on legal and banking fees as part of the acquisition. Hydro One has been searching for a chief executive since Ontario Premier Doug Ford forced out CEO Mayo Schmidt this past summer. On the same day, the previous board of directors also resigned en mass.

The Globe’s Andrew Willis writes that Mr. Ford may have got rid of the $6-million man, but he cost Hydro One $185-million: “Those billboards that Mr. Ford put up saying “Welcome to Ontario, Open for Business” look ridiculous when the government can’t get out of its own way during Hydro One’s bid to establish itself as a leading North American utility.”